Binance News: Whale Withdraws $16.46M in ETH After Two Months of Inactivity, Sparking Market Discussion

A significant event in the cryptocurrency world has occurred, with a whale withdrawing a large amount of Ethereum from the Binance exchange after a period of inactivity. This move has attracted widespread attention and discussion among analysts and enthusiasts.

Whale Withdraws $16.46M in ETH from Binance After 2 Months of Inactivity

A whale recently withdrew 8,313 ETH, valued at $16.46 million, from the Binance exchange. The withdrawal occurred after two months of inactivity, signaling a potentially significant shift in the whale’s investment strategy. This move has caught the attention of analysts and crypto enthusiasts, as actions from large holders can have far-reaching implications on the market. Following the withdrawal, the whale’s Ethereum holdings amounted to 11,197.53 ETH, worth $22.17M, facing a loss of $3.8M.

Mantra [OM] Price Prediction and Market Analysis

Traders should look out for short-term targets as OM faces critical support at $6.10. Over the last four days, 19 fresh wallets have withdrawn $61.52 million worth of OM tokens from Binance, representing about 3.4% of the total supply. These large withdrawals have resulted in an unrealized loss of $14.2 million. The whale activity underlines strong interest, but the unrealized losses raise uncertainty about OM’s near-term direction.